Podcast
Questions and Answers
What is the main goal of an enterprise?
What is the main goal of an enterprise?
In classical direction strategic management, what is chosen to achieve the objectives?
In classical direction strategic management, what is chosen to achieve the objectives?
What is the new or modern direction of strategic management more about?
What is the new or modern direction of strategic management more about?
What does strategic management involve, according to the text?
What does strategic management involve, according to the text?
Signup and view all the answers
What are the stages of the strategic management process?
What are the stages of the strategic management process?
Signup and view all the answers
What is a company's main tool to find a balance in classical direction strategic management?
What is a company's main tool to find a balance in classical direction strategic management?
Signup and view all the answers
What is the 7-S model's first step?
What is the 7-S model's first step?
Signup and view all the answers
Which component is NOT part of the 7-S model?
Which component is NOT part of the 7-S model?
Signup and view all the answers
What is the primary role of the vision in the 7-S model?
What is the primary role of the vision in the 7-S model?
Signup and view all the answers
What does the mission consist of?
What does the mission consist of?
Signup and view all the answers
Which aspect is tested against social norms and values as part of the organization's principles?
Which aspect is tested against social norms and values as part of the organization's principles?
Signup and view all the answers
What do organizational objectives indicate?
What do organizational objectives indicate?
Signup and view all the answers
In human resource management, what is design thinking primarily focused on?
In human resource management, what is design thinking primarily focused on?
Signup and view all the answers
What does the situation analysis determine?
What does the situation analysis determine?
Signup and view all the answers
What is another name for situation analysis?
What is another name for situation analysis?
Signup and view all the answers
What is the role of principles in an organization?
What is the role of principles in an organization?
Signup and view all the answers
Study Notes
- Strategic management is a process used by organizations to achieve their goals, with a focus on planning, monitoring, analyzing, and assessing.
- Classical strategic management involves finding a balance between a company's resources, strengths and weaknesses, and opportunities and threats from the environment.
- Modern strategic management focuses on strategic thinking and possibilities for growth, including organic growth, collaboration, and mergers or acquisitions.
- Situation analysis is a key part of strategic management and involves examining an organization's current profile, including vision, objectives, strategy, and internal and external environments.
- Vision is a general representation of an organization's future, made up of a mission and principles. The 7-S model is used to analyze the role of vision in an organization.
- Objectives indicate the relationship between an organization, its environment, and employees, and often relate to balance of interests, profitability, quality, effectiveness and efficiency, image, and rules of conduct.
- Human resource management often uses design thinking, a problem-solving method with a focus on the customer.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of strategic management, including classical and modern approaches, situation analysis, vision, objectives, and human resource management techniques like design thinking.
